Best Dogecoin Wallet Australia – 4 Best Dogecoin Wallets in 2021

Not long ago, Dogecoin made up 62% of Robinhood’s Q2 crypto trading revenue. If you’re one of those rally seekers, you might want to invest in DOGE. One of the first steps would be picking your DOGE wallet. This article sorts out all mediocre wallets to leave just TOP4 Dogecoin wallets available in Australia.

You’ll discover TOP4 wallets right away, then you can read about each wallet’s characteristics in depth. The article also defines the Dogecoin wallet, private & public key ideas, discusses things to consider while selecting a Dogecoin wallet, and answers commonly asked questions.

#1 Dogecoin Wallet In Australia – eToro

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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Best Dogecoin Wallets Australia – Top 4 List

  • eToro — Overall Best Dogecoin Wallet in Australia
  • Coinbase — Best DeFi Dogecoin Wallet in Australia
  • Coinomi — Best Privacy Dogecoin Wallet in Australia
  • Binance — Best Credibility Dogecoin Wallet in Australia

CFDs come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading. Proceed at your own risk.

Best Dogecoin Wallets Australia — Full Reviews

This section is dedicated to the top Dogecoin wallets in Australia. By reading the reviews below, you may save time and understand better what is offered regarding DOGE token storage.

We strongly recommend you perform your research rather than depending on the views of others. Following the recommendations below, you can thoroughly explain choosing the best Dogecoin wallet in Australia.

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Rating

for $ 100 you get
487.9714DOGE
What we like
  • Trade real cryptos and crypto CFDs
  • Licensed broker with deposit insurance
  • Integrated wallet
Fees
Safety
Coin selection
Features
Instant Verification For Beginners Wallet Service Mobile App
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for $100 you get
487.9714 DOGE

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker

Rating

for $ 100 you get
487.5327DOGE
What we like
  • Amount of withdrawal fee: $0
  • Large amount of cryptocurrencies for CFD trading
  • Minimum deposit: $20
Fees
Safety
Coin selection
Features
Instant Verification For Beginners Wallet Service Mobile App
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Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort
for $100 you get
487.5327 DOGE

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Rating

for $ 100 you get
488.3951DOGE
What we like
  • Viele handelbare Assets
  • Hervorragende Trading Plattform
  • Europäische Lizenz
Fees
Safety
Coin selection
Features
Instant Verification Mobile App
Payment methods
Credit Card Paypal Sepa Transfer Skrill Sofort
for $100 you get
488.3951 DOGE

CFD sind komplexe Instrumente und gehen wegen der Hebelwirkung mit dem hohen Risiko einher, schnell Geld zu verlieren. 76,4% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter.

1. eToro — Overall Best Dogecoin Wallet In Australia

etoro crypto wallet

eToro is a worldwide fintech company serving over 6 million traders, investors, and other customers. Since 2007, when eToro was an online trading platform, the company has evolved into a social trading network for investors and traders. eToro first pioneered crypto CFD trading and then complemented it with the crypto wallet. Now the company holds official distribution ledger technology (DLT) vendor status.

The FCA authorized the broker because eToro has many satisfied customers and an excellent reputation. Working with eToro is secure since the broker has been authorized by the Financial Conduct Authority (FCA) and the Gibraltar Financial Services Commission (GFSC). The fact that eToro’s wallet is approved and regulated shows that the broker follows safety rules and has considerable resources and trusted partners. eToro complies with anti-money laundering laws.

The biggest bonus you get working with eToro is their ecosystem. By creating a wallet, you enter a whole new world of opportunities. For example, you automatically connect your wallet to the eToro exchange. Another option available to you is eToro’s CopyTrader. The average yearly profit among the top 50 most copied traders is 83.7%, meaning that you can follow in their footsteps to grow capital as efficiently as seasoned traders do.

Although downloading and installing an Etoro wallet is free, you should be aware of the costs associated with the wallet. When you use Simplex to convert regular money like AUD or USD to crypto, eToro will charge you a 4% fee, automatically added to the final price. There is a daily restriction on the amount you can convert for security reasons.

There are no costs associated with sending or receiving crypto-to-crypto transactions using the eToro wallet. However, the sender has to pay the blockchain fees.

Pros

  • Get started with just $50
  • Cross-platform mobile app
  • High-value wallet for beginners
  • You always have access to your funds
  • Join the ever-growing eToro ecosystem
  • Advanced DDoS protection & time-tested security protocols
  • Desktop version is available on Windows, macOS, and Linux.

Cons

  • eToro doesn’t offer cold storage.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase — Best Desktop Dogecoin Wallet In Australia

coinbase wallet

Security is the number one priority for Coinbase. This online wallet is built with institutional-tier security protocols. To enjoy the benefits, you can access your Coinbase wallet in many ways, including a convenient desktop version. The same wallet you trust on your mobile devices is available on your desktop/laptop.

To maintain a status of top security-focused wallet, Coinbase claims that 98% percent of all funds are stored in cold storage, which means that no hackers can access your funds online. To exclude any accidents and set the security bar even higher, Coinbase requires you to perform a two-factor authentication each time you enter your Coinbase wallet. You have to enter a short code sent to your phone or Google account, so the system can approve it’s you.

Coinbase allows you to have control over your Dogecoin wallet’s private keys. You have to download and install a free mobile app available in Google Play Store & App Store to manage your keys. However, since Coinbase is accredited and regulated officially, you must provide personal information such as a copy of your ID. Once you confirm your identity, Coinbase complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Hence, you can now make transactions, store, and manage your mobile wallet the same way you do with the web version.

Another great feature Coinbase offers is full support for ERC-20 tokens. You can store and manage your ETH collectibles at ease. The user-friendly interface will help you to make it easy, while Coinbase’s security protocols ensure 100% safety & security. You can also work with complicated DeFi protocols, decentralized exchanges, other collectibles, etc.

Pros

  • Customer support is always on hand
  • Your private keys are reliable and secure
  • Native support to major coins and tokens
  • Trade ERC-20 tokens with no issues
  • Send and receive crypto worldwide
  • Work with DeFi protocols, collectible, etc.
  • Cross-platform wallet available on any device
  • You can participate in airdrops, ICOs, and browse DApps.

Cons

  • Many traders don’t like high fees.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Coinomi — Best Privacy Dogecoin Wallet in Australia

Coinomi is a popular multi-currency wallet for mobile and desktop. The wallet lets you send and receive over 1,770 different cryptocurrency assets through a versatile mobile and desktop application. The wallet has gained a good reputation within the cryptocurrency community.

The most significant advantage of the wallet is privacy. Coinomi ensures your privacy with the following measures:

  • No one can track down your identity
  • Know Your Customer (KYC) is not required
  • No one can exploit transactions to find you
  • The platform doesn’t associate your IP with the wallet.

You can also enjoy a built-in exchange. Coinomi allows you to trade between cryptocurrencies within the wallet without the need to visit an exchange. Coinswitch, Simplex, and Changelly services ensure 100% integration. As a result, you can buy Bitcoin, Litecoin, XRP by Ripple, Ethereum, and Bitcoin Cash using Australian credit/debit cards.

Other key advantages include Segwit, the addition of unsupported coins, and adjustable fees.

Coinomi supports Segwit, which means that if you’re sending Bitcoin, Litecoin, or some other altcoins, you can enjoy faster confirmations and lower transaction fees. When it comes to fees, Coinomi allows you to set a custom fee for your transactions. Alternatively, you can use a dynamically calculated fee to get the best value for money at all times. As for new coins, If you can’t find the token you want to trade or store, you can add it to your wallet manually!

The biggest drawback of Coinomi Is the lack of open source. Most traders, investors, and crypto enthusiasts expect open source as the key feature of blockchain technology (anyone can review the code). Even though Coinomi used to be a part of the open-source movement, the platform changed tack swiftly and now uses closed source software.

Pros

  • Adjustable and custom fees available.
  • Earn on cold staking even when offline.
  • You can manage an infinite number of wallets.
  • No fees for sending and receiving transactions.
  • Know Your Customer is not required to use the wallet.
  • You can add any unsupported token to your wallet manually.
  • You can trade and store DeFi, forks, masternodes, SegWit, testcoins, exclusives.

Cons

  • Closed source software.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Binance — Best Safety Dogecoin Wallet In Australia

trust wallet

Binance Coin Wallet is popular because Binance is a well-known crypto platform that dominates the whole market – the company’s reputation, security, and privacy are all beyond the limit.

Binance wallet is a decentralized wallet which means you control your private keys and ultimately have complete freedom over your crypto. By owning your private keys, you can access your funds without a wallet if you need to. More importantly, no one can access your crypto but you.

Binance expresses the absolute necessity to protect users’ crypto. Thus, Binance wallet is carefully designed to keep your funds safe. Furthermore, none of your personal data is ever collected or stored, so you know your identity is safe. Upon registration, you can activate frontline security features: two-factor authentication (2FA) and universal two-factor authentication (U2F). Even though these features are pretty popular among other brokers, they are still effective. On top of that, Binance stores the major part of the wallets offline. Hence, minimizing any hacking potential.

Another great feature is staking support for multiple cryptocurrencies, including Tezos, Tron, Cosmos, Algorand, and more. You can easily stake your crypto to earn more with no hassle.

Pros

  • No minimum deposit required
  • Open an account in a matter of minutes
  • Trade and store over 400 crypto coins/tokens
  • Join the largest crypto clients base in the world
  • 0.1% spot trading fee with 25% discount using BNB
  • Enjoy advanced financial tools such as futures and options
  • Be a part of the TOP1 exchange in terms of trading volume
  • Enhance your trading strategy with additional services available.

Cons

  • Corporate structure might be more transparent
  • Some users сomplain about hiccups related to account verification.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

What is a Dogecoin Wallet in Australia?

A Dogecoin wallet is a digital wallet that can hold Dogecoin and other cryptos like ETH, XRP, ADA, etc.

A crypto wallet is a digital wallet that stores the encryption material: grants access to a Dogecoin public address and enables transactions. Dogecoin wallets not only store your digital currencies but also protect them with a unique private key, ensuring that only you and anybody you trust with the code may access your DOGE wallet. Consider it similar to a password for an online bank account.

A crypto wallet allows you to store, transmit, and receive various currencies and tokens. Some enable basic transactions, while others incorporate extra functionality like built-in access to blockchain-based decentralized apps (DApps). These may, among other things, allow you to lend out your bitcoin to earn interest on your holdings.

What are private and public keys?

Any Dogecoin wallet comprises key pairs, each consisting of a private key and a public key. A private key is a number that is generally chosen at random. The system generates a public key from the private key using a one-way cryptographic function.

When discussing Dogecoin wallets, it’s critical to understand the distinction between public and private keys. A crypto wallet is worthless without them. As the name indicates, Cryptocurrency is based on encryption technologies that use a combination of keys — a public one to identify the block of tokens and a private one to access them.

Your public key on a crypto wallet, similar to your username on a payment app that enables you to receive money, allows you to receive tokens. Private keys are passwords that let you check your balance, perform transactions, and access other services. Keep in mind that both are equally essential.

How To Find The Best Dogecoin Wallet?

There are many crypto wallets available on the market nowadays, and their variety can complicate your choice. You need the right crypto wallet that fits your needs, especially if you’re a beginner. Below are some criteria that your wallet must meet to benefit you the best.

Secure

Since cryptocurrencies are decentralized and no one can access them, no central entity will authenticate your transactions or retrieve your funds in case of scam or theft. You are responsible for the protection of your private and public keys. The biggest security contribution you can make is picking a reliable wallet.

To keep your Dogecoin safe, use a reputable Dogecoin wallet. Ideally, you want a large-scale firm with a lot of resources to evaluate security and privacy. Your potential crypto wallet should be reliable. Namely, the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission should approve a broker. Other organizations can also authorize wallets. A perfect example is eToro: it’s a top-tier broker accredited by FCA, ASIC, and CySEC. eToro wallet is also regulated by GFSC and has great credibility. More than 6 million users trust eToro with their crypto assets.

Regulations & Privacy

The financial institutions introduce a “know your customer” procedure every time they need to accept and verify a new customer. In particular, to identify and verify that customers are who they claim to be. This allows financial institutions to assign a degree of risk to that customer based on their propensity for financial crime.

As cryptocurrency exchanges and wallets become more like financial institutions, regulators are forcing exchanges to include a KYC procedure in the cryptocurrency AML processes for these companies.

The process involves collecting Personal Identifiable Information (PII) of the customer: full name, date of birth, and address. The financial authorities check this data against official government-issued documents, such as a passport, driver’s license, utility bill, and so on.

Financial authorities then run the client through official databases of Politically Exposed Persons (PEPs) and sanctioned individuals. This allows financial institutions to understand better each customer’s risk concerning virtual currency money laundering and financial crime. Here is what KYC means to you:

  • Your personal information will be accessible to the crypto wallet processing your crypto, leaving you more exposed to security risks and theft.
  • A third party, such as a government agency may limit or ban your crypto transactions if they don’t like your activity.
  • Your privacy and anonymity are no longer possible since your crypto wallet may now link your crypto activities to you.

On the other hand, if the broker is not regulated (FCA and others don’t approve brokers without KYC), you can’t be sure that the broker is trustworthy. We recommend you to look for lightly-regulated brokers such as eToro. The broker doesn’t ask for tons of personal information, just a required minimum.

Your Priorities

There are many types of wallets available. Each has pros and cons. Let’s talk about key points briefly.

Desktop wallets. The most secure cryptocurrency wallets. You install them on your laptop/desktop PC and download ALL the information about all transactions made in the blockchain system since the founding of the cryptocurrency the first time you turn it on. On subsequent connections, the app downloads only new blocks. However, you should remember that the size of the database will increase over time, which means that you need a lot of free memory on your computer (preferably a separate, external solid-state drive).

Mobile wallets. You install a mobile wallet on a smartphone whose memory does not allow storing huge databases (blockchain), so the app downloads the last blocks and performs the main check on secure network nodes. Your smartphone also stores the private key associated with the wallet.

Online wallets/Web wallets. You don’t need to download/install anything; you just go online. You trust the wallet server, which stores your private key. It’s the most convenient type of wallet since you don’t need any memory. Plus, you can access your crypto faster. However, online storage implies that hackers can access and steal your hard-earned crypto.

eToro provides mobile and web wallets so that you can choose anything comfortable for you.

Recommended Broker
Buy now

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker
Buy now

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Recommended Broker
Buy now

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Rating
5.0
4.5
4.3
Mobile App Rating
1/10
10/10
9/10
Mobile App
Wallet
Number of Coins
32814
Trading Fees
SpreadsCommissionN/A
Deposit Fees
N/A$0N/A
Withdrawal Fees
5 USD$0N/A
Regulated
N/AYesCBI and MiFID in Europe
Min. Deposit
50$$20$100
Leveraged Trading
N/AYes1:2 for cryptocurrencies
Bitcoin
$48280.47$47968.98$48088.78
Ethereum
$3682.58$3617.53$3626.57
XRP
$1.13$1.10$1.12
Tether
$1.00N/AN/A
Litecoin
$193.28N/A$190.82
Bitcoin Cash
$648.55N/A$644.42
Chainlink
$30.50N/A$30.96
Cardano
$2.52N/AN/A
IOTA
$1.56N/A$1.52
Binance Coin
$436.74N/AN/A
Stellar
$0.34$0.33$0.34
EOS
$5.25N/A$5.18
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Giropay
Neteller

How To Get Started With The Best Dogecoin Wallet — Full Guide

If this is your first time using a Dogecoin wallet in Australia – this part of our guide will walk you through the setup process every step of the way. By following the guidelines below, you will learn how to use the eToro wallet, the safest and most convenient way to store your DOGE tokens.

Step 1: Open an Account

Unlike many other Dogecoin wallet providers, eToro is well-regulated, including the FCA, ASIC, CySEC, and GFSC licenses. As such, the broker behind the wallet must ask you to open an account before using its services. The whole procedure takes as little as five minutes and requires only basic personal information, contact details.

At this stage, you have to upload a copy of your ID. eToro accepts passports and driving licenses to meet the regulatory requirement. Namely, Know Your Customer (KYC) and anti-money laundering (AML) regulations. You’ll also need a copy of a recently issued bank statement or utility bill.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Download eToro Wallet

etoro wallet

Now that you have a verified account – click on the Google Play or App Store button to download the eToro wallet to your device. Once you open the wallet on your phone, you will need to log in. You can enter by using the username and password that you created when you opened your eToro account.

Step 3: Add Dogecoin to eToro Wallet

You’re almost ready to go, yet your Dogecoin wallet is still empty. You can either top up your wallet using a credit/debit card (other payment methods work as well) or use your previous wallet/exchange to send some tokens.

Transfer DOGE Tokens into eToro Wallet

If you have tokens stored in an external Dogecoin wallet or exchange – here’s what you need to do:

  • Enter your eToro wallet, search for Dogecoin and click the ‘Receive’ button.
  • Copy your Dogecoin public address and head over to the external source where the tokens are currently stored.
  • Paste the address into your external source and enter the number of tokens you want to transfer into the eToro wallet.

Once you confirm the transfer, you should see the Dogecoin tokens in your eToro wallet in less than 15 minutes.

Buy DOGE Tokens From eToro Wallet

If you’ve yet to buy some Dogecoin tokens – here’s how you can complete the purchase via the eToro wallet:

  • First, you need to make a deposit. You can do this with an e-wallet like PayPal, Skrill, Neteller, or a debit/credit card.
  • Type Dogecoin or DOGE into the search bar and click on the ‘Trade’ button.
  • Enter the amount of money you want to invest in Dogecoin. At eToro, the minimum is just $50.
  • Click the “Open Trade” button to proceed.

Once you confirm the purchase, the Dogecoin tokens will appear in your eToro wallet in a blink of an eye.

eToro – Best Dogecoin Wallet in Australia

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Farkhad Fatkhulov PRO INVESTOR

Farhad is a commercial writer focusing on finance & investment and niche B2B. The author's distinctive feature is the depth of research and information analysis. With more than a thousand articles under his belt, Farhad combines financial knowledge with real-life investment portfolio managing experience. He also writes for FinTech & Crypto related projects due to his knack for technologies.